Ahead of Friday's RBA quarterly SoMP at......>

AUSSIE: Ahead of Friday's RBA quarterly SoMP at 0030GMT Elias Haddad a

strategist at Commonwealth Bank of Australia said the statement can further

weigh on Australian interest rate expectations and undermine the AUD. He adds

"in the wake of both Q3 CPI measures undershooting RBA and market expectations

there could be some modest trimming to the RBA's near term underlying inflation

forecasts in the SMP."

- Josh Nye at RBC Capital Markets said "while the trough in wage growth is

likely behind us, we'll need to see a continuation of strong job gains and a

decline in the unemployment rate below its recent range for labour market

conditions to begin feeding through to consumer prices." He adds further "until

then, the RBA is likely to see underlying inflation remaining on the low side of

target and thus little need to raise the cash rate from its current,

record-low."